PayPay Corporation (Chiyoda-ku, Tokyo, hereinafter “PayPay”) is pleased to announce that it has established its first overseas development hub, the Pay2 Development Center,in the state of Haryana, India in October 2022. By establishing this development hub in India, a country rich in IT resources, PayPay aims to enhance the speed and quality of its developments through locally hired first-rate engineers and its dual-shore delivery model which will utilize teams in Japan and India.
Background
Since its inception in 2018, PayPay has been receiving technical support from India’s leading QR-based payment solutions provider Paytm, putting user experience at the center of its products, despite the fast-pace of development, releasing updates to its app as many as 50 times in a year in the pursuit of better user convenience. It is these efforts that enabled PayPay to reach its milestone of 51 million registered users in September 2022, meaning that about 1 in every 2.5 people in Japan are PayPay users*1. PayPay now occupies approximately two-thirds of the market share in terms of the gross merchandise value (GMV) of domestic QR code payments coupled with transaction volume, making it the leader in*2 domestic QR code payment services.
PayPay has been proactively hiring hundreds of talent annually from across the globe since it was founded. Diversity in the workplace continues to flourish with non-Japanese personnel comprising up to 70% of its onsite development teams*3. This time, with the goal to further enhance the quality and delivery of its products, PayPay has established its first development center in India, an IT powerhouse that is also home to the Paytm headquarters. PayPay will gradually work to develop a dual-shore development structure by aiming to hire hundreds of engineers in India, with each site having equal capabilities that will contribute to faster and better quality products and greater development capacity.
Please click here for more information about job openings at Pay2 Development Center.
About Pay2 Development Center
Name: Pay2 Development Center Private Limited
Location: Haryana, Republic of India
Established: October 2022
Capital: 41 million rupees
*1. Calculated by PayPay based on “Population Prospects October 2022: Data Booklet“. by the Statistics Bureau of the Ministry of Internal Affairs and Communications.
*2. The share of PayPay was calculated and researched by PayPay based on a survey into “QR Code Payment Usage Trends in FY2021” published by PAYMENTS JAPAN.
*3. This press release is based on data available as of October 2022.
